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Welcome To The Insighter!

Explore the latest happenings at Kirtland FCU and learn about important topics from around the financial world. Here’s your insight!
To learn about retirements, investments and financial planning, check out Invested now.

All Posts > COVID-19

COVID-19

The U.S. Congress passed the third wave of federal relief—a.k.a., stimulus bill— on March 10, promising financial relief to individuals, businesses, states and local governments. And yes, most Americans will be getting another check from this particular package.
 

How big of a check?

Well, that depends on how much money you made last year (if you’ve already filed your 2020 return) or the year before (if you haven’t yet filed). The thresholds for direct payments from the ARP have lower cutoffs than with previous bills, so some families who received a check in the last round will see either no check or a reduced amount.

Individuals earning up to $75,000 and couples earning up to $150,000 would receive the full direct payments of $1,400 per person. Individuals will also receive an additional $1,400 payment for each dependent claimed on their tax returns. For individuals making between $75,000 and $80,000 (and couples making between $150,000 and $160,000), a partial payment will go out. Individuals earning above $80,000 (or couples earning above $160,000) will not receive a direct payment at all.

That $1,400 includes any dependents as well. For example, a family of four whose parents make $80,000 and file jointly, can expect to receive $5,600 in direct payment from the ARP.

Due to an expanded Child Tax Credit included in the plan, that same family with children ages 8 and 5 will receive $2,600 more in tax credits than they did previously. The new Child Tax Credit is $3,000 for children ages 6–17 and $3,600 for children under 6. Right now, the plan is to issue a portion of the credit over the course of a year in the form of direct payments up to $300 per child per month. Congress has not yet decided how to execute this portion of the bill, however, and more information will be available soon. The payments would not start until mid-summer. The credit is, again, dependent on income. Couples with an income less than $150,000 a year (or $75,000 per year for an individual with a child) are eligible for the full credit amount.
 

When will the money arrive?

Again, that depends. If you’ve previously authorized direct deposit with the government during tax filing in order to receive your refund, you can expect those direct payments to begin dropping automatically into those accounts as early as March 17.
 

“For tax returns with direct deposit or bank account information, the IRS will be able to send money electronically. For those households for which Treasury cannot determine a bank account, paper checks or debit cards will be sent.”

 

How will I know the money has arrived?

The easiest way to keep track is to check the account listed with the IRS via Online or Mobile Banking. The IRS, as of March 11, 2021, says they are currently reviewing implementation plans, though with the president's signature on Thursday, March 11, the IRS should have more information posted very soon. Kirtland Federal Credit Union will deposit Economic Impact Payments into your account upon receipt of the funds from the Federal Reserve.

Check your payment status here.

If you are expecting a paper check, keep an eye on your mailbox for the next few weeks. Once you receive your direct payment (or are receiving your Child Tax Credit payments), you can deposit those checks quickly and easily with your phone or tablet with our Mobile Banking app. No need to come into a branch (unless you want to. We’d love to see you!)

Stay up to date with the latest COVID-19 updates by bookmarking the COVID-19 Updates page.

COVID-19


Since the new public health order featuring the “Red To Green” system went into effect, Bernalillo country, where all Kirtland FCU branches reside, has been Red Level. Effective February 11, Bernalillo is now in Yellow Level. This means we can now enter the next phase of opening our branches for normal operations
 

Effective February 16, 2021, all Kirtland FCU branch lobbies will reopen—no appointment necessary.

The Base Exchange branch on Kirtland AFB has been operating normally and will continue to serve the men and women of Kirtland Air Force Base.
 
Credit unions are an essential business. We are now open to serve you in-person, with drive-thru service, or through our full suite of digital options including Online and Mobile Banking—transfer money, deposit a check, and so much more, right from home!
 

We’re NM Safe Certified!

 
Rest assured that the safety of our employees and our members is first and foremost in our minds. Kirtland FCU recently completed training for important safety certification from the state through the NM Safe Certified Program, and you’ll see a variety of measures in place at each branch to help us serve you safely. The program, according to the state of New Mexico, is to increase confidence in the safety practices of the business they do need to visit.
 
“We want businesses to know they are not alone in adjusting to the new environment and we want customers to know they can feel confident about visiting businesses in a COVID-positive world,” NMSAE Executive Director Jason Espinoza said. “The program trains New Mexico businesses in the state’s COVID-Safe Practices to help ensure all of us – customers, employees, and families – remain safe as New Mexico reopens for business and recreation.”
 
Sarah Horten, Chief Lending Officer, says the new certification is part of Kirtland FCU’s commitment to service and safety.
 

“We’re focused on keeping our employees and members healthy while staying present and available to serve you—no matter what.”



 

Before You Go

We can’t wait to see you! Please remember:
 
Wear Your Mask Keep Your Distance Follow Door and Floor Signs
 
Please postpone your visit if you’ve been experiencing any flu-like symptoms including coughing, difficulty breathing, fever, or have experienced a loss of taste or smell.

COVID-19


As of today, Monday, January 4th, our branch lobbies continue to be open to members by appointment only.  Our drive up, where available, and online and mobile banking channels are open and ready to serve you as always.  This is in accordance with our state and local guidance.
 
See what we're doing to keep you safe in our branches during the COVID-19 pandemic.

We know that government stimulus payments (also known as economic impact payments) are crucial to many of our members, so we want to share important information with you.

As part of the COVID-related Tax Relief Act of 2020, the federal government will begin to provide a second round of stimulus payments to eligible recipients. If you're eligible to receive a payment, you may receive your funds in one of the following ways:
 

Automatic deposit

If you are receiving a payment, it will be deposited directly into the same account you used to file your 2019 tax return and/or the account number used in the previous stimulus payment program.
You can check your payment status on the IRS COVID Stimulus website
 

Paper check in the mail

If you did not give the IRS your direct deposit account information through your federal tax return in the last two years and haven’t provided them with your information as a non-filer, you will likely receive a US Treasury check. The check will be mailed to the address on file at the IRS from the prior year tax return. If you receive a paper check, feel free to deposit it using the Kirtland Federal Credit Union mobile app, or at your local branch.


 

COVID-19

Kirtland FCU cares about the health and well-being of our members, employees, and communities—for this reason, and per Governor Lujan-Grisham’s latest executive order, we will close the lobbies of all our branches, except for the Kirtland AFB Base Exchange Branch, to walk-in traffic effective Monday, November 16.

Here's what you need to know:

  • Gibson, Montgomery Crossings, and West Alameda Branches
    • Lobby will be closed to walk-in traffic; members may be seen by appointment only.
    • Drive-thru service at all branches will remain open with normal operating hours.
  • Base Exchange Branch (KAFB)
    • No changes to hours or operations
  • Coors Pavilion Branch
    • Lobby will be closed to walk-in traffic; members may be seen by appointment only.
  • Kirtland FCU Home Loan Center
    • Closed to walk-in traffic; members may be seen by appointment only. Apply online 24/7 for mortgages and home equity loans.
  • Kirtland Financial Services
    • Closed to walk-in traffic; members may be seen by appointment only.
IMPORTANT INFORMATION REGARDING DRIVE-THRU SERVICE
Monday, November 16, drive-thru service will be limited to everyday financial transactions on existing accounts. We will not be able to open or close accounts and loans via drive-thru. To apply for a loan or open an account, please call 1-800-880-5328 or visit our website.
 
DIGITAL BANKING OPTIONS
We strongly encourage you to take advantage of the many 24/7 digital and online banking tools and services available to you, including:
  • Online Banking
  • Mobile Banking
  • TellerPhone
  • Online Bill Pay
  • Digital Wallet
  • Website
FINANCIAL HARDSHIP ASSISTANCE
We also understand that there may be instances where members find themselves facing financial hardships. Kirtland FCU is here to help—please reach out to us if you're facing difficulties. We have several options available to assist you.

Stay safe. We'll be here.



Matt Rarden
President and CEO
Kirtland Federal Credit Union

COVID-19 Security Fraud

Scam artists will stop at nothing to exploit the fear, social isolation and uncertainty fueled by the COVID-19 pandemic. “People are more vulnerable emotionally than ever,” says psychologist Stacey Wood, a professor at Scripps College in California. “That makes it easier to fall for the increasing number of scams out there."

Criminals are preying on this new vulnerability with everything from fake work-at-home jobs and fraudulent charities to money-seeking romance schemers lurking on dating sites. Other scammers include government impostors who are targeting your stimulus check. How do they do it? Here are six psychological tactics scammers don't want you to know about.

A friendly voice
Before the coronavirus, 1 in 4 older adults were socially isolated; today that number is far higher. “When you're lonely, a friendly voice on the phone or a friendly message on social media seems like a real bright spot,” says Emily Allen, senior vice president for programs at AARP Foundation. Scammers use information they've gleaned about you online to strengthen the bond. They shower you with compliments and get you to like them in order to make you more willing to believe their lies.

Official-sounding sources
“In uncertain times, we rely more than ever on what other people tell us. Scammers may falsely identify themselves as being from the IRS or the Centers for Disease Control and Prevention,” says Robert Cialdini, regents emeritus professor of psychology and marketing at Arizona State University. “They misquote or make up advice from experts. And they create fake organizations that sound impressive, to fool you.”

Using your intelligence against you
"Some people get drawn in when scammers compliment their intelligence and ability to understand a so-called opportunity,” Cialdini says. “Others think they're smarter than a scammer and can spot a phony. Research shows that, among older adults, those who think they're the most invulnerable to persuasion are most likely to fall for scam artists."

Helping in hard times
Schemes involving fake charities, online romantic partners in need and grandchildren marooned away from home without cash are nothing new. But they're heating up as people yearn for ways to help others and as job losses and travel restrictions make scammers’ stories sound more believable than ever, Wood says.

Relieving your new anxieties
Job loss, stock market tumbles, scary virus risks — scammers are manipulating your fears in these uncertain times with too-good-to-be-true “opportunities” like fake work-at-home offers, bogus investment schemes and phony chances to buy face masks, hand sanitizer, coronavirus tests and fake remedies.

You gotta act now!
Goading you to either make a fast decision or miss out on scarce supplies or a new job plays on today's anxieties, Wood says. “When you're fearful or stressed, you're more likely to make impulsive decisions,” she says. “Scammers know this.”

So how can you stay safe from these tactics?

4 Ways to Stop a Scam Before It Starts
  1. Cut them off. Toss, delete or hang up on unsolicited offers. Don't answer the phone if you don't recognize the caller ID. Don't click on links or provide personal info requested in an email.
  2. End suspicious online friendships. This is not the time to trust strangers, no matter how nice they seem. In fact, scammers are professionals at being “nice.” Put on your toughest filters and cut off contact the moment someone you don't know well asks for info or financial help.
  3. Cultivate your real friendships. Be in frequent touch with family, friends and neighbors who can be sounding boards on unusual offers. Visit connect2affect.org to assess how much social isolation and distancing are affecting your mental and physical health, AARP's Allen says.
  4. Do your homework. If someone claims they're from the IRS or your bank, call to verify. Learn more about popular coronavirus scams now.

COVID-19 Security Fraud

“Grandma, it’s John. I need help.”

“John? Are you ok? You sound funny.”

I’m in the hospital, Grandma. I need you to send me some money so I can pay my bills because they won’t let me go.”

“What? Your mom didn’t mention that to me!”

“Please don’t tell her, I don’t want her to worry. I’m okay, I just really need money to pay the hospital bills.”

Grandchildren hold a special place in the hearts of their grandparents. That affection, combined with the higher percentage of financial resources and trust that are hallmarks of this generation, is making grandparents a juicy target for scammers amid the coronavirus pandemic.

In this fake scenario above, you can see the trademarks of the classic Grandparent Scam. A claim to be a grandchild or other family member OR a claim to be a bail bondsman, attorney, or some other law enforcement agent calling in regards to a family member. A plea for help, or a threat. A request or demand to not involve others in the family. And a scenario that may or may not be tied to the coronavirus epidemic.

Criminals continue to employ the Grandparent Scam for a simple reason: it works. And in the midst of the pandemic, reports of this particular threat are increasing. According to an AARP report, in New Jersey and New York alone, roughly 100 victims have lost about $1 million in recent months.

Here’s a look at the number of such cases reported to the Federal Trade Commission’s Consumer Sentinel Network. Cases totalled 91,585 from the beginning of 2015 through March 31 of this year.

Since 2015, some 91,585 people have been victims of impostor scammers who purport to be family members or friends, the Federal Trade Commission (FTC) says.

"In these days of coronavirus concerns, their lies can be particularly compelling,” FTC attorney Lisa Weintraub Schifferle warns. “They pull at your heartstrings so they can trick you into sending money before you realize it's a scam,” she says.

And requests, at least in busy cities like New York, are not always for a digital delivery of money. In fact, the FBI has arrested scammers who send a taxi cab or even come to the victims home to pick up the money, acting as a go-between for the grandparent and their “grandchild”.

Knowing the names of family members or referring to family vacations or other events is NOT proof of validity. In the age of social media, it’s scary easy for a criminal to gain access to that sort of information.

Amy Nofziger, who directs AARP's Fraud Watch Network helpline (877-908-3360), likewise reports an increase in grandparent scam complaints as people isolate at home. Nofziger says the scams exact a financial and emotional toll on people; some have even lost their life savings.

"We're all very emotional during these COVID-related times, and these criminals want to prey on your emotions,” she says. “And nothing is more emotional than thinking that someone you love is in trouble and needs your help."

Even victims’ grandchildren — while blameless — may feel aftershocks of guilt and remorse, “so it’s really something that affects the whole family,” Nofziger says.

How to stop a grandparent scam
And if you get a scam call, report it to local police, to the FBI's Internet Complaint Center and to the FTC.

Here’s advice from the FBI and other authorities on how to thwart a grandparent’s scam.
  • Use privacy controls on Facebook and other social media platforms to limit what strangers can learn about you and your family.
  • When you suspect that someone who calls, texts or emails you is a scammer, take a breath. Slow it down. Contact the family member who purportedly is in trouble and needs cash. Such calls may come late at night and the background may be noisy, adding to confusion. Never act in haste.
  • If you suspect a scam, tell the caller directly: “I am not participating in this discussion.” Consider writing that down on a piece of paper and keeping it near your telephone.
  • If the caller purports to be a bail bondsman, ask where your relative is being held and contact the facility directly. Or call your local police department, where officers may be able to call the jail and check out the story.
  • Resist the urge to act immediately — no matter how dramatic the story is.
  • Verify the caller’s identity. Ask questions that a stranger couldn’t  possibly answer. Check the story out with someone else in your family or circle of friends, even if you’ve been told to keep it a secret.
  • Don’t send cash, gift cards or money transfers — once the scammer gets them, they’re gone.
“We want to warn as many people as possible so that they might thwart the nefarious efforts of these schemers,” said FBI Special Agent in Charge Gregory W. Ehrie. “Awareness is a victim’s best defense. Don’t allow criminals to separate you from your hard earned savings. Call, verify, report.”

If you receive this type of call, remain calm and resist the pressure to act quickly. Get as much information as possible, including the phone number, if possible, of the caller. Hang up and call a family member to verify the information or call a trusted friend to ask for help. Report the call to your local police department or the FBI. Never wire money, especially overseas, based on a request made over the phone or in an email. Once you send it, you can’t get it back.

For more information, read the FTC’s guidance on Family Emergency Scams.

And if you get a scam call, report it to local police, to the FBI’s Internet Complaint Center and to the FTC at ftc.gov/complaint.

COVID-19 Security Fraud

When a crisis hits, it’s important to stay on top of your finances as best you can and monitor your credit.

Due to the hardship caused by COVID-19, all U.S. consumers can get free weekly online credit reports now through April 20, 2021, from TransUnion, Experian, and Equifax by visiting annualcreditreport.com.

As the coronavirus outbreak continues to evolve, your credit might be the last thing on your mind. During times of emergencies though, such as global pandemics or natural disasters, you should know the state of your finances and keep your credit on your radar. Along with your physical health being a top priority, so should the state of your financial health and wellness.

Normally, your credit report is available every 12 months from all three credit bureaus—TransUnion, Experian, and Equifax. Given the vast number of consumers’ financial health being impacted by the current economic conditions, online access to your report is now available on a weekly basis. Visit annualcreditreport.com and follow the prompts.

Remember your credit report and credit score are two different things, and your report will not include your credit score.
  • A credit report is a statement of your credit activity and current credit situation. It includes a history of your loan payments and status of credit accounts.
  • A credit score is calculated from your credit history and behavior—information found in your credit report.
There are four main ways you can acquire your score, including checking your credit card or other loan statements, talking to a non-profit certified credit counselor, using a credit score service (be sure you know what you are signing up for and how much it really costs!), or buying a score directly from one of the three credit bureaus—TransUnion, Experian, or Equifax.

There are additional ways you can be proactive with your credit. Follow these steps to help keep your credit on solid footing.
  1. Pay your bills on time, if you can. Even if it gets difficult, try to make at least the minimum payment by their due date. Late payments negatively affect your credit score.
  2. Contact your creditors and service providers. If you get to a point where you can’t pay all your bills, contact your creditors and any service providers such as utilities, phone company, etc.
  3. Check your credit regularly. Now is a critical time to make sure your credit reports are accurate. If you identify potential fraud, you can respond before it damages your credit.
  4. Be extra protective of your identity. Unfortunately, during times of crisis, scams and identity theft are at an all-time high. Protecting your personal information is essential. You can place a free security freeze on your credit files which prevents people (good AND bad) from accessing your personal information and using your name to apply for credit.
  5. Get financial assistance, if needed. Certified credit counselors can offer advice on how to repay your debts in a manageable way.
  6. Dispute inaccurate information. If you find inaccurate information when reviewing your credit report, you can file a dispute with each credit bureau. Each bureau has an online dispute center, which is the quickest way to file a dispute.
How to Order Your Credit Report
Don’t contact the credit reporting agencies individually. The free reports are available only through annualcreditreport.com and 1-877-322-8228.

You’ll need to provide your name, address, social security number, and date of birth. If you’ve moved in the last two years, you may need to provide your previous address. For security purposes and to verify your identity, you may be asked for information only you would know, like your monthly mortgage payment.

Beware of “Imposter” Websites
The only website authorized to fill orders for the free annual credit report you are legally entitled to is annualcreditreport.com. Other sites that claim to offer “free credit report” or “free credit monitoring” aren’t part of the legally mandated free annual credit report program and in some cases have strings attached to the “free” product being advertised.

Report Scams
The Federal Trade Commission (FTC) works for you—the consumer—to prevent fraud and unfair business practices in the marketplace. If you think you’ve been the victim of a scam, you can file a complaint with the FTC and/or the Attorney General of your state.
 

COVID-19

Long a target of identity thieves and fraudsters, senior generations are becoming victims of COVID-19 related scams at an alarming rate.
Seniors are vulnerable to scams and identity theft for a number of reasons: 
  • They tend to be polite and trusting, especially over the telephone. 
  • These generations generally have good credit.
  • They also have more financial resources than younger generations.
  • And seniors are one of the fastest growing segments of social media users. 
The social changes and resulting uncertainty and fear we’ve all experienced in the past few months in response to the COVID-19 pandemic have a magnified effect on seniors. Thanks to social distancing, they may be isolated, lonely, and anxious about their health or that of their families, making them more likely to respond to an ad or email that promises virus protection, a miracle cure, or just plain human contact. If you’re a baby boomer or older, be aware of these scams.
 
The Numbers
We discussed the many varieties of COVID-19 related fraud and identity theft. These types of scams continue to be big business for thieves. As of May 25, 2020, the FTC has reported $40.13 million in losses from scams related to the coronavirus epidemic. 


And while there aren’t as many victims in the baby-boomer generation (and older age groups) as in younger generations, seniors lose significantly more money when they do become victims.



Fraud Protection
The good news is COVID-19–related fraud can be avoided with some good online hygiene. First and foremost, be alert. Don’t respond to or click on content containing any of the following known COVID-19–related scams:
  • Offers of coronavirus vaccines. There is no vaccine yet for the coronavirus, and when there is one, it will be offered through healthcare providers, not online.
  • Offers of vitamins or medicines that will prevent or cure COVID-19. Again, there is no proven protection or cure, and when there is, your doctor will have it.
  • Offers for COVID-19 testing that show up unsolicited online. If you want testing, talk to your healthcare provider.
  • Online claims that you have been exposed to someone with COVID-19 and need to sign up for testing. If this were true, you would be contacted directly by your doctor or local health department.
  • Messages claiming to be from the World Health Organization (WHO) explaining how to protect yourself from the coronavirus. The WHO does not communicate directly with individuals.
  • Unsolicited messages from the WHO, Centers for Disease Control (CDC) or other sources with coronavirus updates, maps, or other news. If you want current coronavirus information, visit the WHO, CDC, or your state health department’s website directly.
  • Messages offering special COVID-related Medicare benefits. The FTC says this fraud often offers a special “Coronavirus package.” If you have any questions about your Medicare coverage, you can get answers at www.medicare.gov/medicare-coronavirus.
  • Messages asking you to fill out a form to claim government stimulus money. The IRS is handling stimulus payments to taxpayers. It will never e-mail asking you to fill out a form online.
 
A key component to many of these scams are overt or implied threats if you don’t cooperate or offers that sound too good to be true. And trust your instincts! If you receive a message through e-mail or social media that seems to be from a friend or family, but seems out of character for them, don’t respond and don’t click any link.
 
And while it may not fall into the traditional definition of a scam, there are plenty of opportunists out there offering masks, cleaning supplies, and other necessities who may be out to make a larger-than-normal profit (price gouging). This is not only unethical, it’s illegal. When it comes to purchasing masks and other supplies, stick to trusted friends and associates.

Stay connected, but stay safe. Online and over the phone, it’s easy to pretend to be someone else. It’s okay to ask why and verify. And it’s also okay to hang up or delete!
 
If you believe you have been a victim of a scam, contact your financial institutions and notify the FTC

COVID-19 Home Loans

Q: I’ve been planning to buy my first home this spring, and I’ve spent years preparing for this purchase. Now that the coronavirus has had a negative impact on the economy, I’m wondering if I should go through with my plans. Is it a good idea to buy a house during a pandemic?

A: The coronavirus outbreak that has swept through the world while wreaking havoc on the national and global economy has given rise to dozens of financial questions. The uncertainty that characterizes this time is confusing the average American and financial experts alike. No one can say when this pandemic will come to an end, or what kind of lasting impact it will have on the economy. Experts can only look at past economic crises and downturns to try to predict what the short-term and long-term financial future will look like in the United States.

Let’s take a look at the mid-pandemic housing market and explore the wisdom of purchasing a home during a time of economic instability.

What does the current housing market look like? 
In a twist of irony, the home sales of February 2020 were the strongest they’ve been in the country since 2007, topping 5 million sales. Factors like falling interest rates and a booming economy contributed to the thriving housing market, but two months later, experts already are seeing a decline in the buying trend.

Lawrence Yun, the chief economist of the National Association of Realtors, says the market has turned sharply, adding, “The coronavirus has undoubtedly slowed buyer traffic and it is difficult to predict what short-term effects the pandemic will have on future sales.”

This downturn has likely been triggered by the economic devastation caused by the outbreak, including widespread job insecurity, thousands of shuttered businesses and millions of employees on leave from work for an indefinite period of time due to statewide and self-imposed quarantines.

The decrease in home sales is also likely due to practical reasons. When people are worried about their health and they’re trying to create a semblance of normal life while essentially being confined to their homes, it’s difficult for them to think about purchasing a new one. Meeting with potential sellers and real estate agents and looking at properties is also complicated when trying to maintain social distancing.

No one knows when the spread of the coronavirus will ease, but when it does, and normal life resumes, the market may see an increase in sales.
  
Does it make financial sense to buy a house now?
A dwindling housing market does not automatically mean this isn’t a good time to buy a house. In fact, times of financial uncertainty generally lead to falling mortgage rates. Mortgage rates have already reached a record low of 3.13 percent in the beginning of March, prompting some buyers to rush into new home purchases. The rate, however, has since jumped back up to 3.65 percent, though it is still relatively low and may fall again.

It takes more than just a favorable mortgage rate to make a home purchase a sensible decision.

Some market experts believe the coronavirus pandemic will cause an eventual spike in home sales as buyers, fearing a recession, will want the stability and control that homeownership brings. A fixed-rate mortgage will not be subject to the peaks and valleys of a volatile national interest rate. It can also help the owner feel secure if job loss and unemployment become the norm.

Before you jump into a home purchase at this time, you may want to take a step back and look at your entire financial picture. Consider the following factors:
  • How stable is your income? If you have any reason to believe you might be facing a layoff, you may want to hold off on your purchase. Your mortgage will need to be paid each month, regardless of your employment status.
  • How long do you plan on living in this home? If you anticipate living in your new home until you’ve paid off your mortgage, it can be a great time to buy a house at a low interest rate; however, if you plan on selling within the next few years, you may come out at a loss due to a falling housing market and an unstable economy.
  • Will you have savings left after going through with the purchase? As the economy heads toward a probable recession, this is not the best time to be without a savings cushion.
The coronavirus outbreak has destroyed all kinds of plans, from vacations to weddings, parties and more. That doesn’t necessarily mean you need to put your plans of buying a house on hold. If you can comfortably afford the purchase and your income isn’t threatened by the economic instability, the favorable interest rates can make this a good time to buy a new home.

Kirtland FCU is Albuquerque LOCAL home loan leader. If you think now may be the right time for you to buy a home, get started today at KirtlandFCU.org/HomeLoan

 
Membership eligibility required. Kirtland FCU welcomes veteran, active-duty, and retired members of all branches of the U.S. military, including NM National Guard and Reserve, who have ever been served by KAFB; contractors, employees, and retirees of businesses who work on or with KAFB under contract with the U.S. Government; members and employees of partner organizations throughout Albuquerque; and family members of eligible or existing members. An equal housing lender. Financing available for properties in New Mexico only. Loan subject to credit approval. See a representative for complete details. FHA and VA mortgages are not available for condominiums, manufactured homes or investment properties. As with all lending services, full disclosures, terms, and conditions will be supplied with your mortgage or home equity disclosures.

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